Hungary’s retail dynamics above the European average

Retail trade has come up with a stable performance all over Europe: there was a 3.7-percent growth in Q3 2018. In the same period Hungarian retail sales surged by 7.6 percent – only Turkey (+21 percent) and Finland (+7.6 percent) did better, according to the Nielsen Growth Reporter analysis. In Hungary like-for-like volume sales rose by 3.4 percent (in Europe this growth was at 1 percent). FMCG prices elevated by 4.2 percent in Hungary (Europe: +2.7 percent) and food value sales were up 7.3 percent, while sales of household chemicals and cosmetics augmented by 8.9 percent. Nielsen’s client executive Gergely Kovács told: Q4 was especially strong sales-wise in 2017, and the big question is whether Q4 2018 managed to surpass this level //